Unicredit’s 2017 Group results presentation shows that group Non-Performing Loans (“NPLs”) stand at €48.5 billion nominal, up from the €36.9 billion nominal as at the end of 2016, when the bank had taken €8 billion of supposedly “one-off” provisions as a charge to its Profit&Loss Account to bring the Carrying Value of NPLs down to […]

This was a piece speculating about how and when the ECB can taper off and finish its Asset Purchase Programme (“APP”), and the piece stated that “Currency strength and a doubling of benchmark borrowing costs over just two months may be tightening […]

Ripple is one of the most talked-about phenomena in the cryptocurrency world, and its profile reached new heights in Q4 2017, both because of its own conference (in the same place and the same time as that of SWIFT, the organisation Ripple aims to take down), its own PR machine, and the price of its […]

Since my earlier blogs it has come out that the liquidator is indeed “dealing in” Carillion’s contracts and this is very important for the unsecured creditors who have supplied and remained unpaid in those contracts.

The key point is that the liquidator has not repudiated the contracts, and declared them null and void, which was within […]

On the back of my blog “Carillion – who is protecting the Trade and other Unsecured Creditors?”, I was contacted by an unsecured trade creditor and made some recommendations. As these recommendations are not “get to the court house first before the other unsecured creditors” but to co-operate with others in the same boat, there […]

This is the first of our predictions for the Payments industry in 2018, and it is about the UK’s Open Banking.

This is a very high-profile and government-endorsed project to open up Retail and SME banking to technology-based new entrants, who will offer innovative and exciting propositions on top of the data they can receive from […]